GC Ready for a Push to New All-Time HighsGold Futures (GC) are showing signs of accumulation and upward momentum, with the chart forming a rounded base suggesting a potential breakout. Recent price action has been consolidating in a bullish structure, and we may be gearing up for a breakout towards new all-time highs.
With rising geopolitical tensions in the Middle East, gold's safe-haven appeal could drive significant buying pressure in the coming sessions. Volume is stable and supportive, and the technical structure aligns with a bullish continuation.
XAUTRY1! trade ideas
$MGC / $GC / Gold Post-Market UpdateHello Fellow Degenerates,
Price retraced below a 3416.2 and it is now between that level and a FVG. I do see some signals that a possible pull back might happen and I have now marked 3442-3430 as an important range to watch.
- If the pullback happens, it could be a retest of the HVN resistance, and if price gets rejected in that range, we will go towards our bearish scenario.
- However, if price breaks above that range with strength it will mean that we are now going towards our Wave 5 target near 3504.
- Levels to watch: 3504, 3442, 3430, 3416, 3358, 3283.
GOLD ANALYSIS FOR THE WEEKI've been studying GOLD (GC) & others and want to share my analysis. Trading involves probabilities, so it's essential to be confident and prepared. Study the market thoroughly before trading with real money.
Let's test strategies this week. You may use a live account if you have capital, and manage your stop losses carefully. Next week, I'll provide more details on entry points and stop losses. Wait for trades at specified levels and avoid positions in the middle to minimize losses. Be patient and trade from one edge to the other.
Good luck and make money.
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$MGC1(Gold) Weekend Update - June 14Hello Fellow Gamblers,
I hope you're not sinking in your twin size bed thinking about your losses from this week.
I am bringing to you a weekend update on gold, so we can get ready for this week. This video is a little bit longer and my ability to speak becomes worse as time extends, so take your time and get your notes right to prepare for the week.
- 3416.2 needs to hold for more upside. A break below that level can take us towards 3358.8.
- A break below 3358.8 validates our bearish scenario.
- A break above 3504.1 validates our bullish scenario.
- Levels to watch: 3416.2, 3358.8, 3504.1
What is Gold Silver Spread?What is gold silver spread? How to understand them to determine the market direction.
Reuters mentioned that the gold-silver ratio dropped from 105 to 94. What does this mean? Does it indicate that silver is about to trend higher, or is it a sign that gold will continue its trend?
Micro Silver Futures
Ticker: SIL
Minimum fluctuation:
0.005 per troy ounce = $5.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
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MGC Post Market Update - The Battle of the Two CountsHello Fellow Gamblers,
As you know we are tracking 2 EW counts at this time and they are both still in play.
W5's are tricky to deal with but with a little patience we should be able to make our portfolio grow.
- I am currently looking for bearish divergences to support our bearish Scenario but the current price move strength favors our bullish scenario.
- Be aware of a possible Cup and Handle formation
- Levels to watch: 3508.4, 3441.9, 3365.2, 3314.7.
See you next time!
Gold looks like it might be heading Higher6 12 25 this is a long video hopefully it does not fail to upload. I mentioned a number of markets in this includes some advice to one of my students ( there is only one student right now) and that's perfectly fine for me.... but I wanted her to see a couple of markets that she might not be looking at but her worth looking at if she wants to trade more markets. I did not include agricultural stuff which could be a good choice, but I just don't spend time with it.